For Sale - 8-Unit Investment Property with 8 Car Parking
$2,925,000
3700 16th Street, San Francisco, CA
5.7
Cap Rate
166,000
NOI
Details:
Description:
Exciting investment opportunity in a fantastic rental location, 3700 16th Street is located just a couple of blocks up from Market Street at the corner of Castro Street. This corner property gets a ton of light and has all 1-bedroom / 1 bath unit, several of which have been updated as the units turned. The units each rent with a designated parking space and storage.
Each apartment has hardwood floors, large closets and excellent floorplans. The upper units have amazing downtown views and a rooftop deck. The building is separately metered for gas and electricity and it also has separate gas heat.
The property is located in the Duboce Triangle adjacent to the Castro, where tenants can walk to various amenities, shopping, and endless bars and dining options. The MUNI station is just 2 blocks away on Market Street with easy access to Downtown. Corona Heights Park is just a block to the West if one is looking for outdoor activities and access to tennis courts and a dog park. This is a solid location for a great tenant base as it’s a few blocks away from te CPMC Davies Campus.
Documents:
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3700_16th_St_OM-May24.pdf
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Location
Gallery
